Axis NASDAQ 100 Fund of Fund: NFO open on 7th Oct., minimum subsciption Rs 500. Know in details.

Axis mutual fund has launched its (new fund offer)NFO Axis NASDAQ 100 Fund of Fund, an open-ended scheme that invests in units of ETFs which ultimately invests in NASDAQ 100 TRI.


The new fund offer(NFO) Axis NASDAQ 100 Fund of Fund opens on the 7th of Oct. 2022 and closes on Oct. 21, 2022.

The Investment objective of the scheme is to replicate the performance of the NASDAQ 100 TRI by investing in ETFs whose main objective is to track /replicate the performance of the NASDAQ 100 TRI index, subject to tracking error.

This fund will be managed by Mr. Hitesh Das.

The major Advantages of investing in Axis NASDAQ 100 FUND OF FUND are

1- Access to leading global tech companies, which are not available in India.
2- Invest in one of the world's largest large-cap index with global exposure.
3- Invest in the themes which are not available in India. Like big data, cloud computing, electric batteries, etc.
4- Invests in sunrise themes that can give you better returns.

This fund will invest in units of ETFs replicating the NASDAQ 100 TRI. Performance is subject to tracking error. And AXIS NASDAQ 100 ETF FoF is benchmarked against NASDAQ 100 TRI.

This fund of fund scheme will invest in three major overseas ETFs such as Xtrakers NASDAQ 100 UCITS ETF, iShare NASDAQ 100 UCITS ETF, and Invesco EQQQ NASDAQ 100 Index. This fund will get the benefit of top global expertise, the top ETFs have comparatively lower tracking error and better execution power.

NASDAQ 100 index constitutes of top 100 largest non-financial companies based on market capitalization. They are high-growth and innovative companies belonging to sectors like information technology, consumer discretionary, communication, consumer staples, etc. Besides giving global exposure, the NASDAQ-100 could also act as a hedge against rupee depreciation.


The exit load of the scheme is one percent if redeemed or switched out within seven days of allotment, and after that it is nil.

The fund house said it offers immense opportunities to access some of the largest non-financial companies, leverage top global expertise, and better execution capabilities to generate wealth.

The fund is suitable for investors seeking exposure to the international market and innovative companies to generate capital appreciation over the long term.

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Disclaimer - Mutual Fund Investment is subject to market risks, read all scheme-related documents carefully.









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